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Let’s have a detailed review of the company and analytics of the Vrundavan Plantation IPO release date, IPO offer price, subscription, Vrundavan Plantation Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 108
Listing At BSE, SME
Min. Order Quantity 1200 Shares
Listing Date November 9, 2023
Offer for Sale Rs Lakh
Fresh Issue Rs 1528.99 Lakh
IPO Size Rs 1528.99 Lakh
Tick Size 1

Vrundavan Plantation IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Vrundavan Plantation Share Price

Vrundavan Plantation IPO – Summary

Vrundavan Plantation IPOTheir Promoter and Managing Director, Mr. Upendra Tiwari in the year 1997 has incorporated proprietorship namely M/s. Vrundavan Nursery & Plantation for the sale of plants (like nursery) with a vision to preserve and protect the environment in this deforestation and shrinking green spaces era.

Their promoter with his vision identified the future requirement for landscaping and gardening. He believes that now gardening is not the job of neighbourhood Malis, rather it has emerged as a lucrative business in today’s world.

The Promoter of this company is UPENDRA TIWARI. The lead manager of the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar of this issue is KFIN TECHNOLOGIES LIMITED.

Vrundavan Plantation IPO Date

The opening and closing dates of the Vrundavan Plantation IPO are October 30, 2023, and November 1, 2023, respectively.

Vrundavan Plantation IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 30th Oct 0.65x 3.35x 2.00x
2nd Day – 31st Oct 1.34x 7.74x 4.54x
3rd Day – 1st Nov 2.48x 10.98x 6.73x
Shares Offered or Net Issue 672,000 672,000 1,416,000

The shares subscribed by the public will be updated here.

Vrundavan Plantation IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Vrundavan Plantation Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization November 6, 2023
Refunds Initiation November 7, 2023
Credit of Shares to Demat Account November 8, 2023
Share Listing Date November 9, 2023

Vrundavan Plantation IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.108

Vrundavan Plantation IPO Equity Size

This Initial Public Issue of 1,416,000 Equity Shares of Rs.10 each for cash at a price of Rs.108 per equity share aggregating to Rs.1528.99 Lakh.

Vrundavan Plantation IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,416,000 Equity Shares of Rs.10/ each.

Issue Size: 1,416,000 Equity Shares of Rs.10 each, aggregating to Rs.1528.99 Lakh

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    Vrundavan Plantation IPO – Live Performance

    The listing date of this IPO is November 9, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Vrundavan Plantation Share Price

    Vrundavan Plantation IPO Grey Market Premium

    The Vrundavan Plantation Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Vrundavan Plantation IPO – Company Overview

    Recently, their Company has taken over the ongoing proprietorship concern namely M/s. Vrundavan Nursery & Plantation by entering into Business Succession Agreement on April 30, 2023.

    On October 17, 2023, the Company entered into to the addendum to Business Succession Agreement in which the Company included Non-Compete Clause stating that “The Predecessor shall not in any manner enter into any fresh contract or agreement involving any services provided by the Successor. The Predecessor shall provide all possible support to the Successor for establishing new and existing services.

    The Predecessor shall not perform any activity which may cause harm to the successor and/or its stakeholders in any manner. Further, the predecessor will not carry out any activity which was carried on by him as proprietor and will not enter into partnership with anyone for carrying out the activity which is similar to a successor.”

    Vrundavan Plantation IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-May-23 31-Mar-22
    Total Assets 2,321.67 1.00
    *Total Revenue 180.68
    Total Expense 155.12
    Profit After Tax 17.33

    Earnings per Equity Share (in Lakh)

    31-May-23 31-Mar-22
    Basic & Diluted 0.52 0.00

    Further, their PAT for the period ended on May 31, 2023, was Rs. 447.45 Lakh, Rs. 17.33 Lakh.

    Vrundavan Plantation IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Upendra Tiwari, Managing Director
    • Dineshkumar Dubey, Director
    • Vishal Tiwari, Director
    • Khyati Shah, Independent Director

    Vrundavan Plantation IPO – Promoters Holding

    • Pre-Issue Share Holding – 85.29%
    • Post-Issue Share Holding – 62.65%

    Vrundavan Plantation IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 14,16,000 Equity Shares aggregating up to Rs.1529.28 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 72,00 Equity Shares aggregating up to Rs.77.76
    Net Issue to the Public Up to 13,44,000 Equity Shares aggregating up to Rs.1,451.52
    Of which:
    Retail Investors Portion Not less than 6,72,000 Equity Shares
    Other than Retail Individual Investors Not more than 6,72,000 Equity Shares
     Equity Shares outstanding prior to the Issue 39,16,728 Equity Shares
     Equity Shares outstanding after the Issue 53,32,728 Equity Shares

    Vrundavan Plantation IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Repayment of Working capital and unsecured loans
    2. Working Capital Requirement
    3. General Corporate Purpose,
    4. Meeting Public Issue Expenses. 

    Vrundavan Plantation IPO – Business Strategy

    • Specialised Service to each client
    • Augment their fund-based capacities in order to scale up business operation
    • Entering in to B2C business and online selling
    • Focus on competitive Pricing

    Vrundavan Plantation IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Well diversified and specialty service offerings
    • Organizational stability along with management expertise
    • Smooth flow of operations
    • Existing Clients
    • Quality Service

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-May-23 0.52 4.19 10.57

    Vrundavan Plantation IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Vrundavan Plantation Limited 10 [●] 0.52 4.19 180.68
    Listed Peers

    Vrundavan Plantation IPO Lead Managers

    Lead Managers
    Address: Office No. 508, Fifth Floor, Priviera, Nehru Nagar,
    Ahmedabad – 380 015, Gujarat, India
    Tel No.:079 46019796
    (M) +91-9898055647
    Web Site : www.ifinservices.in
    Email : mbd@ifinservices.in
    Investor Grievance Email: info@ifinservices.in
    Contact Person: Pradip Sandhir
    SEBI Reg. No.:INM000012856

    Vrundavan Plantation IPO Registrar to offer

    Registrar to the Offer
    Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District,
    Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana
    Tel No.: +91 40 6716 2222
    Website: www.kfintech.com
    E-Mail: vpl.ipo@kfintech.com
    Investor Grievance Email: einward.ris@kfintech.com
    Contact Person: M Murali Krishna
    SEBI Reg. No.: INR000000221

    Vrundavan Plantation IPO – Other Details

    • Statutory Auditor – M/s Piyush Kothari & Associates, Chartered Accountants
    • Legal Counsel to the Company – Mauleen N. Marfatia
    • Bankers to the Company – ICICI Bank Limited

    Vrundavan Plantation IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Vrundavan Plantation Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Vrundavan Plantation IPO Review FAQs

      Check out various FAQs related to the Vrundavan Plantation IPO:

      What is the Issue Size of the Vrundavan Plantation IPO?

      The Company is making an initial public offer of 1,416,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of the Vrundavan Plantation IPO?

      The price band for this particular IPO ranges between Rs 108. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the Vrundavan Plantation IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on October 30, 2023, while the closing date is set at November 1, 2023.

      What is the Vrundavan Plantation IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 6, 2023, refund initiation is on November 7, 2023, credit of shares is on November 8, 2023, and share listing date is on November 9, 2023.

      What is the Vrundavan Plantation IPO Listing Date?

      Shares of this company shall be listed in the exchanges on November 9, 2023. The date, when the listing would be done, is stagnant on November 9, 2023.

      Who is the Registrar of Vrundavan Plantation IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Vrundavan Plantation IPO?

      Here are the promoters of this IPO – UPENDRA TIWARI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Vrundavan Plantation IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Vrundavan Plantation IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Vrundavan Plantation Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 17.33.

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